From First Home to Forever Rentals: The Start of Our Brrrr Journey in Indianapolis

[Andrew Matura]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $345,000
Cash invested: $69,000

Greetings, real estate community! I am Andrew, and while you might not find me rennovating houses just yet, I am focused on becoming a long-term rental investor through the Brrrr strategy. My wife and I had our first brush with real estate which came through purchasing our own home, and it sparked a fire within us to build a sustainable portfolio that benefits both future tenants and ourselves.

How did you finance this deal?

We financed this loan through a conventional loan. Although this was our first home buying experience and could have leveraged an FHA loan, we felt that it was a more lucrative decision, in our situation to utilize a conventional loan.

How did you add value to the deal?

We have begun to forcibly appreciate our home through,
-deck construction
-kitchen updating
-fireplace updating
-curb appeal and landscape overhaul

Lessons learned? Challenges?

This was our first exposure to real estate and ultimatley what got us interested in future buy and hold rentals. While this property is not acting as a cash flowing investment property, it has served the wonderful purpose of showing us how to navigate the real estate market at a base level. Alongside this we learned what makes a property ideal for buyers, and explored multiple loan options as well as their individual pros and cons.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Dac Colden weas our realator for this transaction and he alongside his wife made our home buying experience a phenominal one! They simplified the process for us all while explaining to us in depth the important factors when buying a single family home.